Shuttleworth Foundation
Encyclopedia
South African entrepreneur Mark Shuttleworth
established the Shuttleworth Foundation in January 2001. There have been various iterations of the Foundation and how it invests in social innovation. In 2009, the Foundation moved to a fellowship model, allowing the champions of the work to drive their projects forward.
If a commercial venture is formed during the fellowship, the Foundation will take a non-controlling interest in that entity.
Should a project pitch be approved, the Foundation will match the Fellow's personal investment in the project as follows:
|-
{| class="wikitable"
|-
! Name !! Focus !! Year !! Notable projects
|-
| Mark Surman || Open Philanthropy || 2007 - 2008 ||
|-
| Andrew Rens || Intellectual property rights || 2007 - 2010 || ACA2K
|-
| Stephen Song || Telecommunications || 2008 - 2011 || Village telco
|-
| Steve Vosloo || 21st Century Learning || 2008 - 2011 || m4Lit, Yoza
|-
| Mark Horner || Open and Collaborative Resources K-12 || 2008 - || Siyavula, Full Marks, Open Press, FHSST
|-
| Philipp Schmidt || Open and Collaborative Resources: Higher Education || 2009 - || P2PU
|-
| François Grey || Open Science || 2010 - || Citizen Cyberscience
|-
| Rufus Pollock || Open Science: Open Data || 2010 - || OKFN
|-
| Gavin Weale || Sustainable user-created publishing || 2011 - || Live magazine
|-
| Kabir Bavikatte || Property Rights (Intellectual and Material) || 2011 - ||
|-
| Kathi Fletcher || Open and Collaborative Resources || 2011 - ||
|}
Mark Shuttleworth
Mark Richard Shuttleworth is a South African entrepreneur who was the second self-funded space tourist. Shuttleworth founded Canonical Ltd. and as of 2010, provides leadership for the Ubuntu operating system...
established the Shuttleworth Foundation in January 2001. There have been various iterations of the Foundation and how it invests in social innovation. In 2009, the Foundation moved to a fellowship model, allowing the champions of the work to drive their projects forward.
Shuttleworth Foundation: Group Structure
- The Shuttleworth Foundation Trust (SF) is a purpose trust, registered in Jersey.
- The purpose of the trust is defined as follows:
- “To assist persons or projects to effect or which are otherwise involved in social change, with social change being the process whereby values, attitudes or institutions of society, such as education, family and industry become modified, to include both the natural process and action programs initiated by members of the community or any other person.”
- It is for this reason that the Trust registered an entity in the Isle of Man, SF Isle of Man Limited (SF IOM).
- SF IOM funds individuals interested in social change by offering them a Fellowship Grant and providing matching funding to the programs initiated by the Fellows.
- SF Management Team: CEO, CFO, COO and the Office Manager.
Co-investment model
The Foundation provides funding for people who have an unproven idea in the form of a 'salary', travel and office expenses. For every dollar invested by the Fellow in a project, the Foundation will put in ten or more, allowing the Fellow to own all Intellectual Property and processes once the active fellowship has ceased.If a commercial venture is formed during the fellowship, the Foundation will take a non-controlling interest in that entity.
Funding ratios
Project pitches below a pre-determined cumulative amount are pitched to, reviewed and decided by the Foundation management team. Pitches exceeding this cumulative amount are escalated to the Foundation founder.Should a project pitch be approved, the Foundation will match the Fellow's personal investment in the project as follows:
- Individual investment up to 12,500 USD - Foundation matches tenfold
- Individual investments between 12,501 USD and 18,000 USD - Foundation matches fifteen-fold
- Joint investment from Fellows below 18,000 USD - Foundation matches twenty-fold (Requirement: Each Fellow must invest at least 25% of the total Fellows' share of the budget.)
Fellows
{| class="wikitable"|-
{| class="wikitable"
|-
! Name !! Focus !! Year !! Notable projects
|-
| Mark Surman || Open Philanthropy || 2007 - 2008 ||
|-
| Andrew Rens || Intellectual property rights || 2007 - 2010 || ACA2K
|-
| Stephen Song || Telecommunications || 2008 - 2011 || Village telco
|-
| Steve Vosloo || 21st Century Learning || 2008 - 2011 || m4Lit, Yoza
|-
| Mark Horner || Open and Collaborative Resources K-12 || 2008 - || Siyavula, Full Marks, Open Press, FHSST
|-
| Philipp Schmidt || Open and Collaborative Resources: Higher Education || 2009 - || P2PU
|-
| François Grey || Open Science || 2010 - || Citizen Cyberscience
|-
| Rufus Pollock || Open Science: Open Data || 2010 - || OKFN
|-
| Gavin Weale || Sustainable user-created publishing || 2011 - || Live magazine
|-
| Kabir Bavikatte || Property Rights (Intellectual and Material) || 2011 - ||
|-
| Kathi Fletcher || Open and Collaborative Resources || 2011 - ||
|}